NB Associates – Advocates & Legal Consultants
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Date:November 27, 2024
The MSME Act, officially known as the Micro, Small, and Medium Enterprises Development Act, 2006, is a significant law in India. It aims to support, promote, and regulate the growth of micro, small, and medium enterprises (MSMEs). This Act plays a vital role in strengthening India’s economy by empowering small businesses. To know what legal services we […]
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The MSME turnover limit is a key criterion for classifying businesses as micro, small, or medium enterprises. The Government of India has defined these limits to ensure that small businesses receive the support they need for growth. Understanding these turnover thresholds can help businesses determine their eligibility for MSME registration and the associated benefits. To know what […]
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Micro, Small, and Medium Enterprises (MSMEs) are vital to India’s economy. They create jobs, foster innovation, and drive growth. To support MSMEs, the government revises policies and introduces new regulations. The MSME Rules 2024 include significant updates to empower these enterprises. This guide explains the key rules, their implications, and how businesses can benefit. To know what […]
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MSME Registration Eligibility Criteria Micro, Small, and Medium Enterprises (MSMEs) play a vital role in driving economic growth in India. To enjoy the various benefits offered by the government, businesses must meet the MSME registration eligibility criteria. This process ensures that only qualified enterprises get access to special schemes, tax exemptions, and financial assistance. To […]
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What is MSME Act and Its Purpose The MSME Act was introduced in 2006 to provide a structured framework for promoting and developing MSMEs. It ensures that these enterprises receive the necessary support to thrive in a competitive environment. The Act also simplifies processes and offers various benefits to MSMEs to help them grow. To […]
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RBI Interest Rate for MSME Delayed Payment 2024 The Reserve Bank of India (RBI) plays a critical role in regulating India’s monetary policy and maintaining financial discipline. One of its significant contributions is the RBI interest rate for MSME delayed payment, which safeguards micro, small, and medium enterprises (MSMEs) against delayed payments. In 2024, this […]
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MSME Number example – MSME Number An MSME number is a unique identification number assigned to businesses registered under the Udyam Registration portal in India. It is a part of the Government’s initiative to promote and support micro, small, and medium enterprises (MSMEs). To know what legal services we provide in relation to MSME dues […]
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Date:November 26, 2024
MSME Samadhan is an online grievance redressal platform launched by the Government of India. It helps micro, small, and medium enterprises (MSMEs) resolve payment-related disputes with their buyers. The portal ensures timely payment and safeguards the interests of MSMEs. Delayed payments have long been a challenge for MSMEs, and MSME Samadhan offers a solution to […]
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Date:November 24, 2024
The MSME 45 Day Rule is a crucial regulation. It ensures that small businesses receive timely payments for their goods and services. This rule mandates that buyers must make payments to micro, small, and medium enterprises (MSMEs). They must do so within 45 days of receiving the goods or services. In this article, we will […]